Shaukat Tarin allegedly encourages Punjab to back out of their IMF obligation in a leaked call.
Former finance minister Shaukat Tarin is alleged to have asked the province finance ministries to back out of their promise to the federal government about the IMF pact in phone calls with the finance ministers of Punjab and KP, according to leaked transcripts of the conversations.
The international lender’s executive board was about to meet that day to discuss Pakistan’s request for the release of the $1.2 billion tranche when the tape was leaked.
In the allegedly leaked call, former federal minister Shaukat Terin told Mohsen Leghari, “Tell them, the commitment of 750 billion [surplus] to the IMF that you signed was before the flood,” adding, “Now we will have to spend a lot of money because of the floods, so the province won’t be able to honor the commitment.”
Mohsen Leghari agreed with his response.
We want to put pressure on them since they are accusing us of being terrorists, Shaukat Tarin continued in the conversation.
The finance minister was instructed by the PTI leader to draught a letter and transmit it to him for approval before delivering it to the federal government and then the IMF representative in Pakistan.
Timor Jhagra, the finance minister for the KP, would also be submitting the letter to the federal government, the former finance minister said Mohsen Leghari.
In the purported audio leak, he is heard asking if it should be sent to the IMF or merely the federal government. Leghari responded by stating that “social media is the most powerful tool,”
In the recording, Tarin can be heard telling Jhagra to emphasize in the letter how the province has been devastated by floods and that millions of rupees are required for the recovery process.